Wednesday, May 7, 2008

Liquidity Fix

President Bush has signed legislation designed to inject liquidity into the student loan market by allowing the U.S. Department of Education to buy federally guaranteed student loans that lenders haven't been able to sell to investors. When contacted for comment, the president admitted that he would have never signed something that makes so much sense, but at the time believed that "liquidity" was a slang term for heroin.

Meanwhile, oil has topped $123/Barrel today...

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